AvtoVAZ swings to 486 mln rbl RAS net profit in January–June

MOSCOW, Jul 26 (PRIME) -- Russian car producer AvtoVAZ posted a 486 million ruble net profit in January–June after a 6.597 billion ruble net loss in the same period in 2017, as calculated under Russian Accounting Standards (RAS), the company said in a statement on Thursday.

Revenue rose 34.4% to 140.01 billion rubles. Gross profit more than doubled to 11.064 billion rubles.

(63.0836 rubles – U.S. $1)

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